NEXT ACADEMY INC

EIN: 931634336 501(c)(3) Recreation & Sports

Indianapolis, IN

Total Revenue
$362,182
Total Expenses
$206,354
Total Assets
$279,182
Net Assets
$250,334
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IN
Principal Officer
Tamba Samba
Phone
3176016352
Tax Period
2024-01-01 to 2024-12-31

NEXT ACADEMY INC, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $362K in total revenue in fiscal year 2024. The organization ran a surplus of $156K, a strong 43% operating margin.

Mission

Non-profit youth sports/arts/STEAM programs based in Indianapolis.Providing professional training, mentorship, and support. The program challenges the traditional pay-to-play system, ensuring that gifted children, regardless of their financial background, have access to high-quality training opportunities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,969
Program Service Revenue $0
Investment Income $213
Other Revenue $0
TOTAL REVENUE $362,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,358
Fundraising Expenses $0
Program Expenses $111,092
Other Expenses $180,996
TOTAL EXPENSES $206,354

Year-over-Year Comparison

2024 2023 Change
Revenue $362,182 N/A N/A
Expenses $206,354 N/A N/A
Net Income $155,828 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tamba Samba President 40.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $362,182 $206,354 $279,182 $155,828
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